At the beginning of today"s trading day of the external background can be called a particularly negative: a significant drop in the U.S. market has demonstrated, in the red ottorgovalis without exception, markets in Asia. In addition, there were significant - about 1,5%, the difference in prices with ADR after the last auction in the United States. These factors opening of Russian trading in negative zone, and, unfortunately, while the market still can not stop the fall: to date the RTS and MICEX lost 2,4% and 2,2% respectively. The only positive development that could somehow influence the situation can be called that in the black while futures are traded on U.S. stock indexes, but this is probably not enough to somehow change the situation for the better.

movement is virtually no clear-cut leaders, the scale of price changes on the ten most traded securities is virtually identical and is somewhere in 2,5% - 3%. Trading volumes have not exceeded the average market without much hype goes down. As long as investors fear a further deterioration in the U.S. market. Perhaps these fears are exaggerated, since probably before the end of the season, reports the picture does not change, some especially good surprises us, we will present is not. In addition, after yesterday"s speech of Barack Obama it is unlikely that there will be any significant political news, respectively, the market may have exhausted that supply news, which he could fall. The technical picture for the Western markets does not seem so uniquely bad, can try to form a local minimum. And the fact that there is no attempt to play a rebound in the market in general looks quite bad. But we are not losing optimism and hope that next week the situation has improved.

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